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Something Amazing That No One Predicted Just Happened in the Markets (Yes, AI Is at the Center of It) [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
After all, the company he runs, a spinoff of the former General Electric, surpassed GE Aerospace in market capitalization for the first time. It's an incredible event that no one could have predicted a few years ago. GE Vernova overtakes GE Aerospace In context, the core businesses that Strazik now manages (gas power turbines) were once at the epicenter of General Electric's problems in 2018, when Culp took over the company. In fact, the mid- to late-2010s were a grim period for the gas turbine industry, when it faced genuine questions about its long-term structural future as renewable energy appeared to be on an inexorable rise. As such, analysts used to price in more value for GE's renewable energy (wind power) business (now part of GE Vernova) than for GE Power (now GE Vernova's core business). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvi
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